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QBO Chapter 10

MORGAN RUNYAN Inglés 14 fichas

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  1. 1Chart of accountsa list of all accounts used to accumulate information about assets, liabilities, owners equity, revenues, and expenses
  2. 2TransactionsDuring the accounting period, record transactions with customers, vendors, employees, and owners
  3. 3Trial balanceprepared before adjustments. lists each account and the account balance at the end of the accounting period.
  4. 4AdjustmentsAt the end of the accounting period before preparing financial statements, make any adjustments necessary to bring the accounts up to date.
  5. 5Adjusted trial balanceverify that the accounting system still balances after adjusting entries
  6. 6Financial reportsprepare financial statements for external users and internal users and prepare management reports.
  7. 7Business Overviewincludes financial statements, such as profit and loss reports, balance sheet reports, and statement of cash flows
  8. 8Who Owes Youused to track amounts that customers owe your business, including accounts receivable aging reports, collections report, and open invoices.
  9. 9Sales and customersreports provide detailed information about customers and sales transactions including customers list, products and services list, deposit detail, income by customer, sales by customer, and sales by product/service
  10. 10What you oweused to track amounts that your business owes others, including accounts payable reports, unpaid bills report, and vendor balance reports.
  11. 11Expense and vendorsprovide detailed information about vendors and expenses transactions, including check detail report, expenses by vendor report, open purchase order lists, and vendors list.
  12. 12Sales Taxincludes reports about sales tax liabilities and taxable sales.
  13. 13employeesincludes the employees list and time activities reports.
  14. 14For my accountincludes the account list, general ledger, journal, and trial balance.

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Fichas sobre QBO Chapter 10 , creado por MORGAN RUNYAN el 02/12/2024.
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MORGAN RUNYAN
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